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Pulse: Net Stocks End Mixed Despite Boost in Nasdaq

 

Throw out all the talk that August is a boring month where nothing happens. This market is too big for that. And enough people must have stuck around to bid the Nasdaq up to 4200 level.

The Nasdaq ended the day up 102.53, or 2.5%, at 4206.34. Internet stocks, which outperformed Wednesday, closed mixed. TheStreet.com Internet Sector index closed down 2.89, or 0.3%, at 840.46 as Net stocks saw some profit-taking from Wednesday's run-up.

Net/Tech Indices
INDEX CHANGE % VALUE
TSC Internet
2.89
-0.3% 840.46
TSC E-Commerce
0.43
+1.0% 45.28
TSC E-Finance
0.06
+0.1% 49.03
Nasdaq
102.53
+2.5% 4206.34

A guy named Bob, who asked not to be identified but has managed money for himself and others, weighed in with some thoughts following one of our earlier pieces. His comments show that TheStreet.com has the smartest readers around. ...

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